Effects of sell-off on health and valuation of DeFi

[EAA-ALLAH]

DeFi project seems directly proportional to Ethereum crypto crash
DeFi lending activity shows strength with healthy utilization rates
Leading stablecoins maintained their sustainability in the recent crypto market crash, but UST received heavy impact
High Gas prices tend several retail investors to exit over the period of sell-off
Performance of DeFi in the recent sell-off period proved its strong strength
DeFi or decentralized finance-based protocols faced turbulence a week ago and now is observed showing their capacity to recover. After the bullish performance of the crypto market since the beginning of this year, it changed its momentum. However, amid the declining market, DEXs (DEXs) achieved new all-time high volumes. On the other side, derivatives platforms also observed an increment in usage. Ultimately, increasing revenues of the several protocols caused severe deflation in cryptocurrency prices. Source